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Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments , Thursday July 25th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com

"Not for Widows and Orphans" Radio Show

Description of Services Premier Service

Wed July 24th, 2002
7:15 PM , e.s.t.

The ‘Frenzied’ Forex Front
September Yen
Support should appear near 8589 to 8560
Resistance should appear near 8627 and 8668 to 8683

September Euro Currency (EC)
Support should appear at the 9879 and the 9837 to 9821 region .. Below that buyers should appear near 9737 to 9706 region.. Under that buyers should appear near 9641 to 9625 and 9584.
Resistance is at 9937 another close over is friendly and augurs for a test of 1.0021 to 1.0037

September Swiss Franc
Resistance should appear near 6868, a close over is friendly and augurs for a test of 6906 to 6919 and beyond towards the 6990 to 7003 region.
Support should appear near 6836 to 6806 and 6779 . Under that support is at 6755 to 6741 and 6707.
BW Traders can buy at 6709 for a bounce and risk a close under 6654 for three days in a row.

September British Pound
Support should appear near 1.5626 and 1.5520.
Resistance is at 1.5690 to 15760, beyond that a test of 1.5926 is likely.

September Canadian Dollar
Support should appear at 6350 to 6337
Resistance is at 6417 to 6430

September Aussie Dollar
Recommended Open Bw position long at 5433
Support should appear near 5356 to 5344 .
Resistance is at 5418 to 5430.

                          The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8194 to 8223 and 8300 to 8314 .
Support should appear near 8044 to 8029, under that 7954 to 7939 should hold

September SP500
Resistance is at 848.40 to 849.90 and the 856.00 to 858.90 region

Support should appear near 840.60 to 839.10 and the 831.40 to 830.00 region.
Under that 822.30 to 819.40 should hold.

Nasdaq Composite
Resistance is at 1304 to 1310 and 1321.5
Support should appear near`1289 and 1274 to 1268

September Mini Nasdaq 100
Support is at 944.50 to 942.50 and 934.50 to 931.50
Resistance is at 952.50 to 954.50 and 962.50 to 964.50, beyond that sellers should appear near
970.50 to 973.50

Sept 10 Year T-Note
Resistance should appear near 110-23 then 111-04 and 111-17.
Support is at 110-04 and 109-23 and 109-17

Precious Metals
August Gold
Recommended open BW position , long 319.9
Support should appear at 310.2 to 309.2. Under that buyers should appear near 304.5 to 303.6 and the 299.0 to 297.2 region .BW Traders can buy at 304.90 and risk a close under 296.8 for three days in a row.

Resistance is at 314.8 to 315.7

September Copper
Support should appear near 7005 to 6990 and the 6920 to 6905 region.
Resistance should appear near 7075 to 7090 and 7140 to 7170

Sept Silver
Recommended open BW position , long at 503.5
Support should appear near 485.5 to 484.0 then 478.5 to 477.5 .and 471.5 to 469.5
Resistance is at 491.5 to 492.5

The Exciting Energies

Sept Crude Oil
Recommended open BW position , long 2780
Support should appear near 2672 to 2663 and 2620 to 2612 .
Resistance is at 2716 to 2724.

September Natural Gas
Resistance is at 3.092 to 3.102 and the 3.148 to 3.157 region.
Support is at 3.046 to 3.035 and 2.990 to 2.972

September Unleaded Gas
Recommended open BW position , Long 8160
Support should appear near 7780 to 7760 and 7690 to 7675
Resistance is at 7865 and 7935 to 7955

September Heating Oil
Recommended open BW position , Long 6930
Resistance is at 6835 and 6905 to 6920
Support should appear near 6755 to 6740 and 6670 to 6655

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6417 and the 6352 to 6337 region.
Resistance is at 6432 and 6482 to 6512.

August Hogs
Support is at 4972 and the 4927 to 4917 region.
Resistance is at the 4997 and 5037 to 5067.

August Pork Bellies
Support should appear at 7092 to 7077 and the 7002 to 6987 region.
Resistance is at 7142 to 7172 and 7242 to 7257.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                  The Grande’ Grains
August Soybeans
Recommended open BW position , Long at 570
Resistance is at 585 1/2 to 588 and 594 1/2 to 595 1/2
Support should appear at 580 1/2 to 579 1/2 then 573 to 571 3/4 and 565 1/4 to 564.

August Soybean Meal
Support should appear near 186.9 to 185.8 and the 182.2 to 180.8 region. Which should contain a decline for a bit..BW Traders can buy at 182.2 and risk a close under 176.9 for three days in a row.
Resistance is at 189.3 and 190.2 to 190.9

August Soybean Oil
Recommended open BW position , long at 1991
Support is near 1953 to 1946 and 1922 to 1909
Resistance should appear near 1982 to 1996

Sept Corn
Resistance should appear near  251 1/4 to 251 3/4 and 255 1./2 to 256 3/4
Support is at 246 3/4 to 246 1/4 and 242 to 241 1/4.

Sept Wheat
Recommended open BW position , long at 324
Support should appear at 332 3/4 to 331 3/4 and 3267 to 326 1/4
Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 3/4

The Satisfying Softs
September Cocoa
Resistance is at 1731 to 1738 and 1774 to 1780
Support should appear near1696 to 1689 and 1655 to 1642. BW Traders can buy at 1659
and hold for higher prices

September Coffee
Recommended open BW position ,Long at 5070
Support is near 4715 to 4695 then 4650 to 4635 and 4585 to 4570.
Resistance should appear near 4785 and 4845 to 4855

October Sugar
Support should appear near 586 to 582 and 572.
Resistance should appear near 593 and 601 to 609 .

December Cotton
Resistance should appear near 4775 to 4785 and 4845 to 4855
Support is at 4715 to 4695 and the 4650 to 4635 region. .

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995

Wed July 24th, 2002
8:15 PM South Florida Beach Time

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.